Ninjastic
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Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 12/10/2024, 10:59:41 UTC
Quote from: sotelorene on October 11, 2024, 07:54:26 AM
Quote from: Mayor of ogba on October 11, 2024, 02:02:15 AM
Quote from: iamsange on October 10, 2024, 08:29:19 AM
And if there are still people who doubt Bitcoin as the best investment asset, of course he will explain the reasons and it could be that the person just wants to advance another damn coin that he likes himself without seeing the value of Bitcoin itself. So for now there is no particular reason for me to doubt Bitcoin as the king and I also hope that over time Bitcoin lovers will continue to grow and implement buy the dip and hodl.
Our main focus in this buy the dip and hold thread is about bitcoin, and mentioning another coin, such as altcoins, will only distract us from the main discussion of this thread. It will be better if we only discuss bitcoin here. And fuck whoever still doubts bitcoin, the person doesn't know anything about bitcoin or understand the benefits that come with holding bitcoin because if he does, he will not choose to invest in altcoins over bitcoin. If you have accumulated the amount of bitcoin you want to hold for your long-term purposes, it is not even good to diversify your investment in altcoins. After you have accumulated the amount of bitcoin you want to hold, it will be better to diversify your investment in real-life investments, such as real estate, or you can be selling commodities. 


You are absolutely correct but our focus now is not buy the Dip reason because the Dip doesn't just occur every day or anyhow, remember if you said our focus is to buy Dip and the market haven't that means we won't buy Bitcoin right? perhaps our focus should be accumulating and holding regardless of the market price which is the DCA method or strategy. But we should be ready and prepared in case there's Dip, so as to enable us take advantage of the market. I don't want to press much about this diversifying our investment in alt though ETH is somehow fine but I don't like there gas feel but I don't consider it  as an option.
There's no way I said that our main focus here is only to accumulate bitcoin in a dip. What I meant was that our main focus here is to discuss bitcoin and not about altcoins. I'm not a newbie, and I know buying bitcoin only when a dip happens is not a good option, and that will not help any investor accumulate a good amount of bitcoin. What if the dip happens and there's no available fund at that time to buy the dip? So there's no way I would advise any investor to accumulate bitcoin only with the buying the dip strategy. Even though the Eth fee is low, it's not a good choice to diversify your investment in Eth because it's still an altcoin. Maybe if you want to diversify your investment after you have accumulated the amount of bitcoin you want to hold, you can start a real-life business. For instance, you can decide to go into real estate or you can start selling commodities so that the money the business will be generating can help solve your daily expenses, and it will allow you to hold your bitcoin for a long time because you now have more sources of income.